The Zimbabwe Revenue Authority delivered a strong performance in the first half of 2026, collecting USD 4.71 billion for the half year ended 30 June 2026. This was 16.14 percent above the target of USD 4.05 billion and 46.73 percent higher than collections in the same period in 2025. In local currency terms, net revenue stood at ZWG 125.06 billion, which was 19.12 percent above the ZWG 104.99 billion target.
According to the H1 2026 Key Performance Highlights, the authority registered 37,783 new taxpayers during the period, including 2,056 new PAYE taxpayers and 955 new VAT taxpayers, with growth supported by digital platforms.
ZIMRA board Chair Antony Mandiwanza said the performance was underpinned by progress in digitalisation, trade facilitation and border controls, which strengthened service delivery and compliance. He said the Board’s priority in the second half is to sustain revenue growth, manage emerging risks and deepen a trusted, innovative and service-centred administration.
Revenue was driven by four major heads which accounted for 60 percent of total collections, namely PAYE at 18 percent, Corporate Income Tax at 15 percent, VAT on Local Sales at 14 percent and VAT on Imports at 13 percent, with other taxes contributing 40 percent. The standout performers were Corporate Income Tax which exceeded target by 47.77 percent, VAT on Imports by 41.20 percent, Mining Royalties by 30.25 percent, Net Customs Duty by 26.93 percent and Net VAT on Local Sales by 22.03 percent.
On trade facilitation and border management, ZIMRA processed 258,631 Bills of Entry and registered 261,435, achieving a 98.93 percent assessment rate and an average clearance time of 2 hours 11 minutes 30 seconds for local Bills of Entry. The authority also scanned 73,085 high-risk cargo consignments, seized 14,881 high-risk transit trucks and recorded a sealing rate of 23.92 percent. Imports for the period were valued at ZWG 253.81 billion against exports of ZWG 190.22 billion.
Digital transformation continued to gain momentum, with the TaRMS project 98 percent complete, FDMS 99 percent complete and FDMS-TaRMS integration at 100 percent. A total of 22,679 taxpayers were onboarded, representing a 92 percent national onboarding rate, while 20.4 million fiscal invoices were processed and all 16 banks were integrated for payments.
In terms of refunds, ZIMRA paid ZWG 7.48 billion, representing 5.64 percent of gross collections of ZWG 132.53 billion. Cumulative debt stood at ZWG 9.47 billion, equivalent to USD 1.26 billion.
Filing compliance remained high at 98.1 percent for Large Client Office and 92.0 percent for Medium Client Office. For the second half, ZIMRA forecasts revenue of USD 5.65 billion, representing expected growth of 19.88 percent, with revenue growth driven by compliance enforcement, improved visibility through TaRMS and FDMS, execution momentum and debt control.
This performance directly aligns with Vision 2030 and National Development Strategy 2 objectives of building a fiscally sustainable, upper-middle-income economy. By surpassing its revenue targets, expanding the tax base, accelerating digital transformation through TaRMS and FDMS, and strengthening trade facilitation and border management, ZIMRA is enhancing domestic resource mobilisation, improving ease of doing business, and entrenching transparency and accountability — key enablers for inclusive growth, industrialisation and the attainment of Vision 2030.
